Core Sector Output
Context:
- Output from India’s eight core industries grew 16.8% in May 2021, with six sectors reporting significant positive growth due to the base effects from May 2020.
About Core Sector:
- The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade releases Index of Eight Core Industries (ICI).
- ICI measures combined and individual performance of production in selected eight core industries viz. Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity.
- The Eight Core Industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).